Econ

An individual who has not looked for a job in the past five weeks because he is convinced that he cannot find a job is referred to as discouraged worker

The existence of discouraged workers produces an upward bias in the unemployment rate

The Bureau of Labor Statistics (BLS) compiles unemployment data by sampling the country each month

Unemployment statistics tend to be understated because of the underemployed

If job growth was 4% last month and the labor force grew by 6%, which of the following statements is absolutely TRUE? The unemployment rate has increased.

When employment rises, output is expected to rise

Discouraged workers are not considered unemployed since they are not currently seeking work

Frictional unemployment occurs because of new entrants looking for work

Cyclical unemployment is caused by fluctuations in the business cycle

Which of the types of unemployment can be planned for every year? Seasonal

Frictional unemployment will always exist because search costs or information costs will never be zero

Workers who possess more specific human capital are prone to more structural unemployment.

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Full unemployment implies that cyclical unemployment is at zero (0) percent.

Which of the following is not a safety net program aimed to aid workers and families? Bureau of Labor Statistics

Full unemployment is currently estimated to be at 95 to 96% of the labor force

Society's outlook on housewives being able to work changed from the 1950s to today and this has caused an increase in the labor force participation rate

Which of the following is a practice approved by the EEOC? Candidates must be asked the same questions.

The federal government agency that measures the quality of employment is non-existent.

The fear of losing one's job leads to longer weeks.

Which of the following is a source of lawsuits against employers? Someone hired, not hired, government

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